Industry & Guideline Updates

This time of the year we all have an important to-do list item…. tax preparation.  I try to make sure I turn in my numbers to my CPA by my

As a person that has worked, trained, and mentored in the mortgage underwriting world for 27 years, I definitely guessed the profit and loss situation wrong! My best guess was

October brings us into another fall season, with that comes a change in temperatures, your favorite football team may or may not be your favorite after September’s games, and the

A few years back I wrote a blog explaining the rules that allow a lender to re-use the borrower’s appraisal for an additional transaction. (See the blog here: Recycle Rules For Appraisals). Looking over

Our last blog we talked about how the changes to the 2018 1040 tax form affected mortgage underwriting requirements.  The key topic in that blog was that mortgage calculations were the same, but the location on

I know if you are in the mortgage business and clicked this link you’re wondering how you’re affected by the changes to the 2018 1040 form, not to worry, we have your

When people ask me about my career in the mortgage business as an underwriter, the questions comes up “well what do you actually do?”.  The best way I can describe

Today’s blog goes over one of the updates announced in  SEL 2018-08 by Fannie Mae.  I want to focus on the improvements for a borrower using “employment-related assets as income”.

The MBA projects that mortgage volume will be about 1.8 Trillion for 2019, which is stable compared to 2018 but down compared to 2017.  The major reason for this downward

On Freddie Mac’s home page, you will see the tag line “We Make Home Possible”, when I see changes in the guidelines as outlined on Selling Update 2018-13 I appreciate